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of apparel is exported each year from bangladesh, the world's second largest apparel exporter after china. it's growing very fast largely because it has the lowest minimum wage of any country that's really exporting apparel to any sizable degree. $37 a month is the minimum wage there. >> sreenivasan: you also pointed to over the weekend a more devastating fire in pakistan. it's kind of started to lead to this maze of contractors and subcontractors. that seems to be standard operating business where an american company could be well intentioned but ultimately they don't know who is actually producing what's on the ground. >> i've written several articles on these fires with my colleagues. we found that time after time the retailers, the subcontractors, they're all asserting we didn't know about it. we didn't know that subcontractors of the subcontractors we're using at these plants. they say you can't blame us. i think many people call that plausible deniability. a lot of labor rights groups are saying retailers, subcontractors, you have to step up to the plate. you have to make sure that
of apparel is exported each year from bangladesh, the world's second largest apparel exporter after china. it's growing very fast largely because it has the lowest minimum wage of any country that's really exporting apparel to any sizable degree. $37 a month is the minimum wage there. >> sreenivasan: you also pointed to over the weekend a more devastating fire in pakistan. it's kind of started to lead to this maze of contractors and subcontractors. that seems to be standard operating...
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-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at what that's meant for the u.s., you have troops, military bases, tangled up in geo political stuff across the globe. what kind of superpower does china want to be? >> well, china does not in my opinion want to be the kind of superpower that we normally think of in a military and strategic sense when we use that term. actually, the report that just came out said that the u.s. would remain dominant as the leading power in 2030. it was not as if -- it is not if the chinese are seeking or will replace the united states. tha
-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at...
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and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't
and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services...
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he when satisfied to giving thousands of jobs to china when he was on the board of gateway commuter. >> a small counter protest by the pro rights to work group americans for prosperity was targeted by some of the angrier union workers. americans for prosperity had a tent that was partially closed down. steven crowder was actually punched several times. this is an issue that means a lot to a lot of people at least three people were reportedly arrested during yesterday's sometimes out of control dem station. >> the fox news contributor will be on fox and friends later today. in the meantime let's keep about this theme and look at who is talking today. >> he is saying this is the right choice to the state according to unemployment numbers right to work verses nonright to work. this was 'tis take last night. >> it's a tough choice. i sympathize with the unions in a global economy when you have to compete on wages and other elements you can either have high wages with low employment or you can spread around the wealth. in the right to work states unemployment is 6.9 percent. >> it shows t
he when satisfied to giving thousands of jobs to china when he was on the board of gateway commuter. >> a small counter protest by the pro rights to work group americans for prosperity was targeted by some of the angrier union workers. americans for prosperity had a tent that was partially closed down. steven crowder was actually punched several times. this is an issue that means a lot to a lot of people at least three people were reportedly arrested during yesterday's sometimes out of...
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competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way to mob violence, vocal dissent turned to revenge. property destruction and violent assault. bob, you a bird's eye seat to. this got to be tough to come to term with the end of the movement. >> bob: you as delusional as you have ever been. the idea the labor move element go away because you wrote that crap is ridiculous. the fact of the matter is very few indense of violence yesterday. 13,000 people. and three or four people got in the hiddal of it. >> eric: why should there be any? >> bob: because you had people attacking the people. you have a tent that was there -- >> eric: you would -- [ overtalk ] >> bob: got us in trouble. got me in trouble. >> eric: this is america. peaceful protest is fine. we start to lay hands on people, game changer. >> greg: i don't know.
competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way to mob violence, vocal dissent turned to revenge. property destruction and violent assault. bob, you a bird's eye seat to. this got to be tough to come to term with the end...
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, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45 days. it's up to the obama administration and they're going to take a look a lot of heat about where the stimulus dollars went, why the company failed, and why we actually let companies come in owned by the chinese and rescue ailing companies when we need the jobs like you said here. >> there was an american company wanting to buy it, to keep the technology here at home where we need it. a.b., do you remember the first time we heard about this committee? >> oh, no. >> january of 2006. >> oh, yeah. that's so long ago, i don't even
, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45...
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cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked readers to pick out the top lies of the year. the top five. here's the first one. >> what we now have is the biggest tax increase in the history of the world. obama-care is just a massive tax increase. that's all it is. >> cenk: that's awesome. the biggest tax increase in the history of the world. now the reeders picked that number one biggest lie now number two was this one. >> if you got a business, you didn't build that, somebody else made that happen. >> my father's hands didn't build this company? my hands didn't build this company? >> through hard work an
cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked...
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wisconsin company over to china. virginia lightbulb company to china. g.e. lost 34,000 jobs in this country. >> bob: how many companies send them to china. >> eric: why are they spending snell cheap labor. you told me union brings the cost up for everyone. number two, they are tacking the beegeezes out of companies here. of course they go overseas. >> bob: you say it's the highest tax rate for corporations here? misnomer. >> dana: highest in the free world. >> bob: deductions they pay less than other countries. >> dana: what he meant is poverty in china is outrageous. they respect people's skills but they don't respect their opinions so they fall completely short. we should do more to help improve the human rights situation. >> eric: you talk about the greatness of the union move in the the "a" block. if you unionize china would they have any growth whatsoever at all? if you slap minimum wage on chinese worker what would happen? >> bob: do there what robert barrons did here, murder, maim union people. >> greg: oi vey. >> bob: yeah, right. if you sit back the
wisconsin company over to china. virginia lightbulb company to china. g.e. lost 34,000 jobs in this country. >> bob: how many companies send them to china. >> eric: why are they spending snell cheap labor. you told me union brings the cost up for everyone. number two, they are tacking the beegeezes out of companies here. of course they go overseas. >> bob: you say it's the highest tax rate for corporations here? misnomer. >> dana: highest in the free world. >> bob:...
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in china that this organization called christian american run my pants views and you know that it was it was. gansa good with that he does the answer uses organization christian american was a lie. they invented right to work they invented the slogan and then they ran through these laws through a lot of parts of the south but they but they had a better chance and in fact in texas texas was going to pretty well entrenched you know i say nine hundred forty five views success from basically destroyed. the labor movement there with the right to work laws you know he was investigated by the f.b.i. for corruption was constantly dragged before congress for for also corruption scandals and like i said he was in bed eight cases this is where it all started this this is the the roots of right to work it's amazing mark ames mark thanks so much for being with us tonight. much appreciate coming up it's bad enough the government can read our e-mail start texts and listen to our phone calls but they're not stopping there what's the latest attack on your privacy rights and why will it make you think
in china that this organization called christian american run my pants views and you know that it was it was. gansa good with that he does the answer uses organization christian american was a lie. they invented right to work they invented the slogan and then they ran through these laws through a lot of parts of the south but they but they had a better chance and in fact in texas texas was going to pretty well entrenched you know i say nine hundred forty five views success from basically...
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. >> he shipped jobs it china. >> he was at gateway computers. which by the way, i think we can stop at gateway because everybody knows it was just a crap computer. and then he just shipped all the jobs right to taiwan. it should have been like a coming atraction for michigan, looking at what he did at gateway. and people say, well, mike, how did this guy get in there? i mean, this is a state that voted for obama ten points over romney. and i think honestly, i think people didn't take 2010 serious enough. and i think a lot of people were -- i think a lot of the base was depressed because at least the perception of what president obama was doing in that first year or two, he was trying to get along, he was trying to be a good guy. and it's like -- >> no public option. no universal health care. that's what the country wanted. >> right. >> but there was a perception there wasn't a good enough fight -- >> and putting a guy from goldman sachs, larry summers, in charge of our economic policy. >> what's the plan? you have a history in terms of being abl
. >> he shipped jobs it china. >> he was at gateway computers. which by the way, i think we can stop at gateway because everybody knows it was just a crap computer. and then he just shipped all the jobs right to taiwan. it should have been like a coming atraction for michigan, looking at what he did at gateway. and people say, well, mike, how did this guy get in there? i mean, this is a state that voted for obama ten points over romney. and i think honestly, i think people didn't...
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we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market expecting from the fed? in what way will they be excited or disappointed? >> well, i think the market, if you look at the options market, the flows into the ten year treasuries, it's implying 85 billion per month. the reason i say that is right now, deals, what, 165 #, if that was not the case, yields should be up 180, maybe 183 right now so all the flow right now is pointing to 85 or 90 billion per month. liz: okay. none of us is going to fight the tape here, larry. we'll talk to you in a moment when the s&p futures close, but in the meantime, going to the panel, daifd. david: sam,
we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market...
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and the side that said things that were dead-wrong about the jeep factory heading to china and the nonsense of getting rid of the work requirement for welfare, and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe the reason that people telling the most truth won. and the people telling the most untruth lost is for that very reason. we were all of us paying attention, because it really mattered. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, and welcome to "the ed show" from new york. john boehner is getting pressure from all sides and looking for friends where he can find them. this is "the ed show." let's get to work. >> i'm pretty confident that republicans would not hold middle class taxes hostage. >> democrats put the ball back in boehner's court, and they're turning the screws on the speaker. >> it's tough. but you have to do it. so is the point that you don't want to put your members on the spot, figure it out. >> democ
and the side that said things that were dead-wrong about the jeep factory heading to china and the nonsense of getting rid of the work requirement for welfare, and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe the reason that people telling the most truth won. and the people telling the most untruth lost is for that very reason. we were all of us paying attention, because it really mattered. that's...
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china you know china pay seven twenty five five fifteen hour that's below the federal minimum wage how do they how do they pull that off well basically they have there's a lot them for car washing car washes where they had they supposed at the tip to the to the paycheck to make it look like seven twenty five but what they doing is the force of the you know they put him on it it's the same we make him eight hundred dollars the tip with only making fifty dollars that we can tip wow do you do they do they report that to the i.r.s. or just to you i mean how does how do they how do they get away with that. i really don't know so it's that they just have very good bookkeepers of him like that so so some of the other people that you were on strike essentially with today are out protesting with. any other stories that you heard that you thought were interesting . yeah her late stories from montana workers who would walk fifty blocks to the house because seven twenty five was and is enough for the rent it's not enough for the food to feed their families and it is very sad that people have to wa
china you know china pay seven twenty five five fifteen hour that's below the federal minimum wage how do they how do they pull that off well basically they have there's a lot them for car washing car washes where they had they supposed at the tip to the to the paycheck to make it look like seven twenty five but what they doing is the force of the you know they put him on it it's the same we make him eight hundred dollars the tip with only making fifty dollars that we can tip wow do you do they...
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the united states one is better labor laws in other countries another is some of these unions like in china are not directly confronting wal-mart's authority in the workplace they're not they may cost the company a little money but they're not costing the company control but a very important reason is industrial actions we've seen in other countries and a great model for what could happen in the u.s. is in the united kingdom where the warehouse workers were organized and threatened to strike in a way that would have prevented all the beer from getting to fans who were at home for the world cup and so it was that supply chain power that the warehouse workers had that one unions the right to organize in a more robust way in the retail stores and that's something that many people hope will see in the united states of a fascinating story i has wal-mart made any public comments about this global action they i have not had a response to mine queries to my knowledge they have not made a comment about this aspect but their message consistently has been to the public to dismiss these actions while i
the united states one is better labor laws in other countries another is some of these unions like in china are not directly confronting wal-mart's authority in the workplace they're not they may cost the company a little money but they're not costing the company control but a very important reason is industrial actions we've seen in other countries and a great model for what could happen in the u.s. is in the united kingdom where the warehouse workers were organized and threatened to strike in...
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he said during a broadcast interview today about china going to a more consumer based economy quote the one thing that actually works state run communism. it may not be your cup of tea, but their government works. what they are doing makes sense. chrysler has been forced to rehire employees caught drinking and possibly smoking marijuana during a lunch break. the fox affiliate in detroit took this video in 2010. 13 workers were fired and go suspended. the union-backed arbitration process ordered them reinstated. they came back to work this week. chrysler says it does not agree with the decision, but it's time to move on. and hundreds of michigan teachers called in sick or took vacation days today. most were believed to be participating in union protests against michigan's right-to-work legislation now law. that we told you about earlier in the program. at least two entire school districts had to shut down today. meanwhile the department of education is giving michigan students he some very poor grades. it says 72% of public school eighth graders are not proficient in reading and 69% are
he said during a broadcast interview today about china going to a more consumer based economy quote the one thing that actually works state run communism. it may not be your cup of tea, but their government works. what they are doing makes sense. chrysler has been forced to rehire employees caught drinking and possibly smoking marijuana during a lunch break. the fox affiliate in detroit took this video in 2010. 13 workers were fired and go suspended. the union-backed arbitration process ordered...
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greed to take jobs and cheap labor markets so they can get right to work law states in indonesia and china and then made right to work law here. it means it's a gap between the wealth and the workers. workers have a right to expect liberal wages, health care, education care, the right to vote protected, and educate their children. these rights are reasonable and should be enforced. >> reverend jackson, you and i have known each other a long time. did you ever think you would be in michigan leading a protest against right to work? >> i really did not. i think that the tea party has 150-year-old roots between what is -- the right it organize, collective bargaining and states rights. i never thought it would go this far north, and, yet, these workers in this state must fight back and draw a line in the sand. that's why i'm going to address a major one-day strike, maybe a one-day march on washington for massive and action to bring about the ship in the flow of the wind. >> reverend jesse jackson, bob king from the united autoworkers. thank you very much. i know it's a cold day. thanks for join
greed to take jobs and cheap labor markets so they can get right to work law states in indonesia and china and then made right to work law here. it means it's a gap between the wealth and the workers. workers have a right to expect liberal wages, health care, education care, the right to vote protected, and educate their children. these rights are reasonable and should be enforced. >> reverend jackson, you and i have known each other a long time. did you ever think you would be in...
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lou: general electric ceo jeffrey immelt said that -- is good for china, here he is on bloomberg tv. >> but, their government works. you know they get things done, they have 5 year plans, i tell our team, read the 12-5 year plan, the segment we're in what they are doing makes since in the chinese context. lou: remind you, immelt is president of the president's job council. new government data suggests that a massive exodus from high tax state of california. california lost 100,000 more residents than it gained last year, more going to more business-friendly. business-friendly, states like texas. and california public employees have highest salaries in the 12 most populous state, earning on average $60,000 a year. >> major victory for gun rights advocates, a court struck down a ban on carrying weapons in the state of illinois, they rule that ban is unconstitutional. >> former nfl commissioner paul tag leah buhas overturned the saints suspension. he found three of the four engaged in conduct but said that the coaches and front office are to blame. for what he called the cash for hits p
lou: general electric ceo jeffrey immelt said that -- is good for china, here he is on bloomberg tv. >> but, their government works. you know they get things done, they have 5 year plans, i tell our team, read the 12-5 year plan, the segment we're in what they are doing makes since in the chinese context. lou: remind you, immelt is president of the president's job council. new government data suggests that a massive exodus from high tax state of california. california lost 100,000 more...
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if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed next year, what do you think would they have been able to do this? >> i think it would be a lot of tougher. there are a number of republicans who have close ties to labor but you know, the other weird thing, eliot because they were jammed through in the space of two days by using those maneuvers to do it, you'll never know the answer because nobody had a chance to work on people, to comment whether they would be persuaded. >> eliot: governor granholm, thank you for joining us tonight. >> thanks, eliot. (vo) this friday current tv presents a special event. >> nobody knows disasters like comedians. tha
if we want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed...
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a lot of growth china not using as much oil. that is behind the price drop. >> some taking long trips on the holidays it is easier to stop along the way. >> some have stakeouts south carolina was the lowest. i will tell them to fill up the tanks there before we go on the road. >> a lot are pulling out the stops so they can spend some money. >> also get in the mood, too. bobble bar have a physical location in new york city they have free scotch in there to try to loosen them up and purchase a few more bobbles out there. the gap banana republic giving away a fee at. you have starbucks $250 gift card membership cards there with free coffee or a month. they are pulling out all of the stops to get you there. >> you have the least satisfying careers and most satisfying careers. >> my plan.com looked at the top 300 and bottom 300 of jobs out there. let's look at the least happy person. mail clerk. i am not talking about the box office. perhaps this is motivation to get out of the mail room and move up the ladder. let's go through the h
a lot of growth china not using as much oil. that is behind the price drop. >> some taking long trips on the holidays it is easier to stop along the way. >> some have stakeouts south carolina was the lowest. i will tell them to fill up the tanks there before we go on the road. >> a lot are pulling out the stops so they can spend some money. >> also get in the mood, too. bobble bar have a physical location in new york city they have free scotch in there to try to loosen...
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has cost tens of thousands of lives, syria's only friends in the world have been naturally iran and china but also their best friends, russia. russia. and that was true until today. russia today did not formally declare that they're no longer going to support the syrian government against the rebels, but for the first time a high-ranking russian official said publicly that yeah, it looks like assad is going to lose this war. i mean, the united states has been saying that forever. nato has been saying that forever. everybody who wants assad to go has been saying that forever. you try to create an air of inevitability about the thing you want to happen. right? that makes sense. but now for the other side to be saying it, for syria's best friend to be saying yeah, syria, you're going to lose this, it's going to happen, that is a huge, huge deal. it is sometimes hard to follow the day-to-day news out of this war, to know what is an important day and what is just another awful day. but this is a really important moment. because syria was sort of down to their last friend in the world. and if t
has cost tens of thousands of lives, syria's only friends in the world have been naturally iran and china but also their best friends, russia. russia. and that was true until today. russia today did not formally declare that they're no longer going to support the syrian government against the rebels, but for the first time a high-ranking russian official said publicly that yeah, it looks like assad is going to lose this war. i mean, the united states has been saying that forever. nato has been...
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china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the battery company. the problem is, taxpayers have subicized a 123 and pumped in a grant and gave it to this outfit that is now bankrupt and china is picking up the pieces dirt cheap. the ball is in president obama's court. there is a committee that decides whether or not a foreign company can buy an american company. on what grounds do they wish to buy. is it in our national interest to sell to a chinese company. time geithner heads that committee and he will decide are we going to sell this dirt cheap to china or not. >> gretchen: oh, by th
china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the...
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security council resolution to impose even yet additional sanctions on north korea that all depends on how china reacts to that. and number two, while they continue to test and provoke the united states, we still feel compelled to bail them out on humanitarian assistance because of the starvation of their people. we're caught between foreign policy and the real fear they're going to have a nuclear missile test soon. >> dana, the chair of the house committee on foreign affairs calls this missile launch the result of quote, the obama administration's policies of appeaseme appeasement. i'm sorry to have to ask you this question for about the 9 millionth time. why can't the gop move past its baseless 2012 attack lines and try to think of something constructive to do with this kind of issue? >> right. it feels like -- and it's not just north korea. we heard the same on iran. the cowboy diplomacy saying be tougher. in this case what exactly does that mean? does that mean launch a strike on this nuclear power potentially causing the loss of tens of millions of people. what exactly is the alternative he
security council resolution to impose even yet additional sanctions on north korea that all depends on how china reacts to that. and number two, while they continue to test and provoke the united states, we still feel compelled to bail them out on humanitarian assistance because of the starvation of their people. we're caught between foreign policy and the real fear they're going to have a nuclear missile test soon. >> dana, the chair of the house committee on foreign affairs calls this...
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they used to produce a lot in china. they've decide wages are too high in china. they moved toward bangladesh which has the world's lowest minimum wage for a country that does serious manufacturing about $37 a month. and walmart sears other countries look to bangladesh because they want to produce apparel at the very lowest cost and they're worried if they invest a lot more in, say in wages or fire safety, that might force them to pay $5 a shirt rather than $4 a shirt and they worry that will make them competitive. my sense is having to talk to experts is western companies import about $18 billion worth of apparel each year from bangladesh and it might cost a billion or $2 billion to get several thousand apparel factories in shape to prevent fires, to provide fire escapes to provide good, safe stairways for people to come down. and i think the thinking is that might raise the price of apparel by 2%, 3%, which wouldn't kill us if we have to pay 50 cents more for a $20 shirt. >> jennifer: that's the issue. return on investment. cost benefit analysis that these compa
they used to produce a lot in china. they've decide wages are too high in china. they moved toward bangladesh which has the world's lowest minimum wage for a country that does serious manufacturing about $37 a month. and walmart sears other countries look to bangladesh because they want to produce apparel at the very lowest cost and they're worried if they invest a lot more in, say in wages or fire safety, that might force them to pay $5 a shirt rather than $4 a shirt and they worry that will...
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, bypassed through china. there also have been reports on the voice of america that an iranian team of scientists have been seen recently, in recent days in north korea. so there is questions about the relationship between, and any help that may have been provided to the north koreans by the iranians. clearly the north koreans are very proud of this long range ballistic missile launch. the one in april failed miserably. and for the first time then they admitted that it did fail publicly. this time they extended the window and did not invite foreign journalists to watch this and simply announced when it was successful. they didn't want to take a chance of it failing again. the north koreans trying to time this to coincide with the death of their, their leader a year ago, and so that's why they're carrying this out this week. it is an attention-geting exercise. most u.s. officials believe. the pentagon has been notably silent in reaction to the launch last night, jenna. jenna: it has certainly gotten a lot of ou
, bypassed through china. there also have been reports on the voice of america that an iranian team of scientists have been seen recently, in recent days in north korea. so there is questions about the relationship between, and any help that may have been provided to the north koreans by the iranians. clearly the north koreans are very proud of this long range ballistic missile launch. the one in april failed miserably. and for the first time then they admitted that it did fail publicly. this...
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over the past few years, it's become more expensive to do business in countries like china. our workers have become more productive. our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here. in america. >> we're listening in as president obama addresses workers right outside of detroit at a diamler factory. i want to bring in mark murray again to at least highlight a little bit of what the president discussed. we know, mark, in michigan is there's a labor showdown right now and the president referred to good union workers, i believe that was the phrasing there, but nevertheless, earlier in the day, the administration said the president supports the unions, uaw but there's a showdown and supposed to come to a head tomorrow. >> that's right. governor rick snyder of michigan expected to sign in to law the legislation that would make michigan a right to work state. president obama in his remarks there didn't come out exples sitly against that legislation as the white
over the past few years, it's become more expensive to do business in countries like china. our workers have become more productive. our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here. in america. >> we're listening in as president obama addresses workers right outside of detroit at a diamler factory. i want to bring in mark murray again to at least highlight a little bit...
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the assumption is china does, but did iran? >> there is all sorts of speculation of who is helping who. north korea has been a big proliferator, but they haven't been successful in producing their own long range rocket. let's make no mistake for officials who said this had nothing to do with launching a weather satellite. they consider this a test of a long range ballistic missile that would ultimately have the capability of carrying a nuclear warhead to the west coast of the united states. u.s. sources tell us that north korea is sitting on dozens and dozens of nuclear weapons. the big question is, have they been able to miniaturize them to fit on a rocket yet. that is still unclear. >> thank you, sir. next, how democrats are trying to pressure republicans by a little politics in the fiscal cliff talks. check this out. >> i think ultimately the federal government shall set forth a uniform pattern of registration in voting so that no citizen will have a problem at this point. >> we are opening up the nbc archives as "meet the p
the assumption is china does, but did iran? >> there is all sorts of speculation of who is helping who. north korea has been a big proliferator, but they haven't been successful in producing their own long range rocket. let's make no mistake for officials who said this had nothing to do with launching a weather satellite. they consider this a test of a long range ballistic missile that would ultimately have the capability of carrying a nuclear warhead to the west coast of the united...
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they send the jobs over to china. no wonder he likes china so much. martha: i mean a lot of people have the problem with the way this jobs czar handled things in his own business and feel it is not reflective of somebody working really hard to encourage capitalism and to encourage a growing u.s. economy, bob? >> first of all, andrea got to get over the election. it is over, okay. you lost. you have another shot. these things happen. just calm down. it will be all right. now, by the way, immelt is exactly right. the chinese have been kicking our butts around for the last two decades economically. for what they have got, which is a communist-managed economiter doing a very good job of it. not something we want. not something we want of our allies but it is working and you can't argue with that. they have been growing at phenomenal rate. >> currency manipulation, human rights violations. one-child policy. martha: i get bob's point. what bob is saying. business people tend to look at things in, you know, in terms of efficiency. does it work. i think in ma
they send the jobs over to china. no wonder he likes china so much. martha: i mean a lot of people have the problem with the way this jobs czar handled things in his own business and feel it is not reflective of somebody working really hard to encourage capitalism and to encourage a growing u.s. economy, bob? >> first of all, andrea got to get over the election. it is over, okay. you lost. you have another shot. these things happen. just calm down. it will be all right. now, by the way,...
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jenna: china has a role in all of this as well? >> china has been backing both iran and north korea with regard to missiles and nukes. >> where can you point to as an example where sanctions have actually worked, when it comes to north korea or iran or anywhere? north korea is obviously still pursuing a very high-tech weapon. >> right. >> according to these reports they deny it. >> sure. >> to be fair when have sanctions really worked? worked5 and 2007 with regard to those financial sanctions i talked about. of course they also worked with south africa which is the prime example. they probably also worked with regard to yugoslavia when the country was going through some problems. sanctions can have an effect. not enough on their own but when you do that with other diplomacy, yeah, they can have a lot of effect on these regimes. iran right now is reeling because of the financial sanctions that the u.s. imposed on the central bank of iran. jenna: that is what many say. the big question do we see them test a nuclear weapon in the next
jenna: china has a role in all of this as well? >> china has been backing both iran and north korea with regard to missiles and nukes. >> where can you point to as an example where sanctions have actually worked, when it comes to north korea or iran or anywhere? north korea is obviously still pursuing a very high-tech weapon. >> right. >> according to these reports they deny it. >> sure. >> to be fair when have sanctions really worked? worked5 and 2007 with...
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>> i can understand why companies are sending their manufacturing to china if this is the sort of workers they are getting. do these people have families? the man, you are blooping them out. i have watched the video several times. >> and watch the tent in the background. >> i know, and he uses the f worked over and over. does he have a wife or daughter or any relatives or neighbors that are watching him behave this way? the cold-cocking. >> and boom. >> shocking. most the times he's holding his hands up to show he's peaceful. this is the left this america and unfortunately a lot of michigan has become that way, why is why most of the michigan anders you meet, you meet after they leave the state. because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporting a system that has led to no
>> i can understand why companies are sending their manufacturing to china if this is the sort of workers they are getting. do these people have families? the man, you are blooping them out. i have watched the video several times. >> and watch the tent in the background. >> i know, and he uses the f worked over and over. does he have a wife or daughter or any relatives or neighbors that are watching him behave this way? the cold-cocking. >> and boom. >> shocking....
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what we need is, number one, we cannot always say that it is up to china. china has leverage over them. they don't dictate. what we need is a new approach. in the new six-party talk countries, involving russia, china, south korea, the united states, japan, and i don't know exactly what that is. but it is a combination of toughening the policy with some kind of rewards if there is movement, a positive movement. we have never really tested this guy. we know very little about him. so, i'm not saying the answer is to isolate him completely. that doesn't seem to be working. some kind of engagement, i don't know exactly what. i'm not in the government. i'm a private citizen but i think our approach to north korea ranging from engagement, to sanctions, has not worked. so what we need to do is find a way to deal with him that tests this new guy. we should not just say forget about him and isolate him because he has had nuclear weapons and we have had 60,000 troops there and he has missiles. his people are starving. at the least we need to find ways in a humanitaria
what we need is, number one, we cannot always say that it is up to china. china has leverage over them. they don't dictate. what we need is a new approach. in the new six-party talk countries, involving russia, china, south korea, the united states, japan, and i don't know exactly what that is. but it is a combination of toughening the policy with some kind of rewards if there is movement, a positive movement. we have never really tested this guy. we know very little about him. so, i'm not...
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a little bit like china, perhaps. "fox & friends" hour two starts right now. >> ainsley was singing. i can't help but sing that. they actually -- they have a band. the lady's voice i saw her. >> the "fox & friends" band? >> yes. >> really? >> i was standing in the audience and another girl that i worked with she said you know she sings the "fox & friends" ballad. >> really? >> i met her. >> go on tickets. i will go on stub hub for that that's ainsley air earhardt in for alisyn. >> in for dave briggs. fiscal cliff. just a few days left. if you count christmas. only a few weeckets and got the christmas break so congress better get its act together what we're going to do. the president says the wealthy. all target on the wealthy listen to the president. >> if we are serious about paying deficit while still investing in education and research that are important to growing our economy and if we are serious about protecting middle class families then we are going to have to ask the wettiest americans to pay higher tax rates
a little bit like china, perhaps. "fox & friends" hour two starts right now. >> ainsley was singing. i can't help but sing that. they actually -- they have a band. the lady's voice i saw her. >> the "fox & friends" band? >> yes. >> really? >> i was standing in the audience and another girl that i worked with she said you know she sings the "fox & friends" ballad. >> really? >> i met her. >> go on tickets....
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growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best mar market in the country we follow the last 12 months. the only tough time is in the evaluation area. ashley: chile, taiwan, italy. not so great. >> unfortunately for chile, doesn't have anything going on for it. the third most expensive country to follow, high risk, no momentum, unfortunate for them. italy cheap, everything else is a disaster. taiwan less risky, poor evaluations, poor momentum, poor fundamentals. ashley: appreciated, thank you for being here. tracy: everything isn't a disaster. they are lovers. it is all you need.
growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best...
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traditionally china has made in china. you get these. they are going from exporting products such as that to selling services, to selling investments. maybe this they're going to be building bridges, roads. they are pairing up with other countries. they could very well go into markets that traditionally been dominated by the united states. >> gregg: high end products? >> exactly. >> gregg: their low labor costs produce products very cheaply. american businesses, are they now saying, wait a minute, i can really make more of a profit, less overhead if i ship my jobs to china. it's been a problem already? >> it has been a problem. yes it probably will. we're seeing more rural migration to the towns and stilts and that is limitless labor supply will there are no unions people have to deal with. unions here in the united states are still worried that they are going to lose go all the pension benefits they negotiated before but jobs are going over there because employers don't have to deal with what they have over here. >> gregg: how do we com
traditionally china has made in china. you get these. they are going from exporting products such as that to selling services, to selling investments. maybe this they're going to be building bridges, roads. they are pairing up with other countries. they could very well go into markets that traditionally been dominated by the united states. >> gregg: high end products? >> exactly. >> gregg: their low labor costs produce products very cheaply. american businesses, are they now...